3 stories mentioning HKG:9929
Every FINWIRES story that references HKG:9929, newest first.
SEM Holdings (HKG:9929) said it completed the sale of HK$44 million in convertible bonds to Yao Capital , according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services firm fell over 7% in late morning trade Monday.The bonds have an initial conversion price of HK$0.11 per share.
SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 14.1% stake in the business to three investors, according to a Hong Kong bourse filing Wednesday.Yao Capital disposed 178 million shares representing 8.9% of the electrical and mechanical engineering services firm to Joanneful Limited; 57.5 million shares representing 2.9% to Xieqing; and 46 million shares representing 2.3% to Liang Meifeng.All the shares were sold at HK$0.65 apiece.The sale reduced Yao Capital's ownership in the business from 66% to 51.9%.Yao Capital, which is controlled by SEM Holdings chairman Yao Shuobin, earlier sold a 9% stake in the business to HH RSV-MIM Holdings.
SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 9% stake in the business to HH RSV-MIM Holdings, according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services fell over 10% in morning trade Monday.Yao Capital disposed 180 million shares of the firm for $13.2 million, reducing its stake from 75% to 66%, SEM said.